Exchange rates affect raw materials prices

South Africa

Published: 02 November, 2017

Market factors are mixed with exchange rate issues in determining the hide and skins prices at the abattoir. The former, as discussed previously, sees the price of green hides pressured to conform with international trends, and they have been gradually sliding since the beginning of the year. The accumulated drop in 2017 has been so far around 21% in local currency and 16% in US$. The price of ovine skins has seen markedly different trends, depending on the type.